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There is a whole range of benefits in getting that second passport and becoming a dual citizen legally and these are five different ways to do it:

1:20 - Citizenship by descent

Practically, obtaining a second passport through your parents, grandparents or even further relatives in some countries, with typical examples of Italian and Irish citizenship by descent, when it comes to Europe. It is a rather affordable way, but also bureaucratic and not so fast.

4:14 - Citizenship by marriage

Despite some common beliefs, you don't get naturalized immediately after you marry someone from that country, but it does put you in the queue. Also, every country has different laws regarding this, but it is a rather certain way towards becoming a dual citizen.

6:15 - Citizenship by naturalization

First, you'll need to find a way to get in the desired country - a job, investment, studies, etc. and then you'll have to actually stay there for a long time and be subject to tax obligations as well.
However, there are some easier options, the so-called "paper residencies" in countries like Colombia, Chile, and Portugal where you can become naturalized with a limited amount of time spent there.

10:13 - Citizenship by investment (CBI)

Possible to obtain in nearly 12 countries around the world - mostly in the Carribean, as well as in some island countries in Europe. All you have to do is make a donation to the country's governement in the requested amount and you'll get your passport in a matter of months.

13:22 - Fast-track naturalization

A specific way of becoming a dual citizen in countries like Austria by making a big donation and investing. The twist is, they don't just accept everyone and that's making this program different from the classical CBI - you have to do something exceptional or bring tremendous value to the country.

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ABOUT NOMAD CAPITALIST

Andrew Henderson is the world's most sought-after consultant on legal offshore tax reduction, investment immigration, and global citizenship. He works exclusively with six- and seven-figure entrepreneurs and investors who want to "go where they're treated best".

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Andrew has spent the last 11 years studying and personally implementing the Nomad Capitalist lifestyle, and has started offshore companies, opened offshore bank accounts, obtained multiple second passports, and purchased real estate in a total of 20 countries.

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DISCLAIMER: The information in this video should not be considered tax, financial, investment, or any kind of professional advice. Only a professional diagnosis of your specific situation can determine which strategies are appropriate for your needs. Nomad Capitalist can and does not provide advice unless/until engaged by you.